FASB begins two fair value measurement projects

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18 Feb 2009

The US Financial Accounting Standards Board (FASB) has added to its agenda two projects intended to improve:

  • the application guidance used to determine fair values and
  • disclosure of fair value estimates.

The projects were added in response to recommendations contained in the Securities and Exchange Commission's recent study on mark-to-market accounting, as well as input provided by the FASB's Valuation Resource Group.

Click for Press Release (PDF 80k).

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